I wanted to give some detail on how smartypig can be used to manage sinking funds. As we discussed in class, this is only one way to implement sinking funds. I've discussed how my family uses sinking funds as part of our overall monthly budget in a previous post. I recently figured out how to do screen shots on my mac and find all kinds of ways to use it, this being one. :-) Anyway at left is a sinking fund (or savings goal in smartypig lingo) for back to school expenses fall 2013. You can click on the image for an enlarged version. You can see how it helps you manage the sinking fund very effectively. If anyone wants to try the pig and is interested in doing so via a referral email let me know. Smarty pig offers a small referral incentive that I put back into the FPU ministry at KCC to cover supplies.
Dave Smith is part of the KCC finance staff and a Dave Ramsey Certified Coach.